Appia Announces Plans for Drilling at the Loranger Uranium-Bearing Property, Saskatchewan, Canada
Appia Announces Plans for Drilling at the
Loranger Uranium-Bearing Property,
Saskatchewan, Canada
Toronto, Ontario--(Newsfile Corp. - February 2, 2024) - Appia Rare Earths & Uranium Corp.
(CSE: API)
(OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0)
(the "
Company
" or "Appia") is pleased to
announce its plans for drilling at the 100%-owned uranium-bearing Loranger property in northern
Saskatchewan in conjunction with the signing of a strategic collaboration agreement with the Ya'thi Néné
Lands and Resources Office ("YNLR"). This diamond drilling program emphasizes Appia's excitement
to capitalize on the rising uranium market in collaboration with the YNLR and local Wollaston residents.
The Loranger diamond drilling program is pending permitting and is slated to commence between late
February and early April, and represents a pivotal step in Appia's multi-year exploration efforts to
develop its five (5) uranium properties. In partnership with the YNLR and the local Wollaston community,
the program will follow up by targeting some of the approximately twenty (20) favourable electromagnetic
and uranium-bearing geophysical anomalies (Figure 1) of the property within the eastern Wollaston
Domain, in particular the Tabbernor Fault minerals system.
Situated adjacent to the renowned, uranium-rich Athabasca Basin, Appia believes the
Loranger
Property holds strong potential for valuable uranium deposits.
Appia's Loranger winter diamond drilling program is anticipated to include 1,000 to 1,200 metres across
8 to 10 drill holes, aiming to uncover new uranium discoveries to follow-up on what was drilled in 2017
and 2019. This program's success is expected to contribute significantly to the understanding of the
property's uranium mineralization and the implications for further discoveries within its complex
geological terrain.
The agreement between Appia and the YNLR facilitates a mutual working relationship during the
Loranger diamond drilling program, allowing for respectful and timely working relationships between
both parties, and a push toward the project's success. This cooperative approach ensures that the
exploration activities benefit both the Company and the region's communities.
"After many constructive negotiations, we are very excited to return to northern Saskatchewan this winter
season to explore the economic potential of our Loranger property, just as the uranium markets have
seen a surge over the past 12 months," stated Stephen Burega, President.
The technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo.,
Vice President Exploration, and a Qualified Person as defined by National Instrument 43-101.
Figure 1 - DRILL TARGET LOCATIONS, LORANGER PROJECT, SK
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/196600_3d8fcd67c4e40b8f_001full.jpg
About Appia Rare Earths & Uranium Corp. (Appia)
Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The
Company is currently focusing on delineating high-grade critical rare earth elements and gallium on the
Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its
Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to
exploration for 113,837.15 hectares (281,297.72 acres) in Saskatchewan. The Company also has a
100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over
five mineralized zones in the Elliot Lake Camp, Ontario. Lastly, the Company holds the right to acquire
up to a 70% interest in the PCH Project which is 17,551.07 ha. in size and located within the Goiás State
of Brazil. (See June 9
th
, 2023 Press Release - Click
HERE
) The company successfully added
23,412.11 ha to the PCH project's total hectares by staking 12 new claims, bringing the overall project
size to 40,963.18 ha.
Appia has 136.3 million common shares outstanding, 144.1 million shares fully diluted.
Cautionary note regarding forward-looking statements: This News Release contains forward-looking
statements which are typically preceded by, followed by or including the words "believes", "expects",
"anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are
not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do
not intend and do not assume any obligation to update these forward-looking statements and
shareholders are cautioned not to put undue reliance on such statements.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the
policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For more information, visit
www.appiareu.com
.
As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have
several communication portals. If you have any questions online (
X
,
,
) please feel
free to send direct messages.
To book a one-on-one 30-minute Zoom video call, please
click here
.
Contact:
Tom Drivas, CEO and Director
(c) (416) 876-3957
(e)
Stephen Burega, President
(c) (647) 515-3734
(e)
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/196600